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How Abstract Plans to Dominate Consumer Crypto

Welcome to back to the live studio podcasts from Singapore for EigenLayer Unlocked, this time for a conversation with Luca from Abstract with a focus on building the next era of consumer-friendly blockchain experiences. As you know, we have been quite bullish on chains which are usecase-specific with a target market and segment of focus. Abstract is designed to prioritize user experience, aiming to be the leading chain that truly puts consumer needs at the forefront. As early supporters of Pudgy Penguins and Luca, we don't think there's many better teams positioned to carve a blue ocean in this market. Luca's vision includes creating what he calls a “Crypto Disneyland” – a place where onchain experiences enable engaging, fun, and user-friendly applications for the everyday person. It’s a bold shift in approach, one that moves away from the typical DeFi-centric models. At the heart of Abstract’s strategy is a “consumer portal” that unifies applications, providing a seamless journey for users from discovery to interaction. This streamlined approach is all about removing the barriers that typically cause high user drop-off rates in crypto, making it easy for anyone to navigate from one application to another. We also discussed their collaboration with Eigenlayer, specifically for EigenDA. Luca mentioned he wants Abstract to focus on user-facing distribution while leaving the backend infrastructure needs to Eigenlayer’s infra stack. They will also utilize ZK Sync's elastic chain interoperability infra. As Abstract gears up for its mainnet launch, Luca envisions a crypto ecosystem focused on everyday people is the next logical step to bring meaningful, mainstream adoption to the space. Enjoy. 𝗘𝗶𝗴𝗲𝗻𝗟𝗮𝘆𝗲𝗿 𝗨𝗻𝗹𝗼𝗰𝗸𝗲𝗱 𝗶𝘀 𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝗲𝗱 𝗯𝘆 𝗔𝗹𝘁𝗟𝗮𝘆𝗲𝗿 𝗮𝗻𝗱 𝗣𝗼𝗹𝘆𝗺𝗲𝗿 𝗔𝗹𝘁𝗟𝗮𝘆𝗲𝗿 is an open and decentralized protocol that accelerates the launch of native and restaked rollups as well as AVSs. Our flagship product ‘restaked rollups’ has been an industry disruptor, unlocking the true value of rollups with enhanced security, decentralization, fast finality, and interoperability. AltLayer also recently launched the market’s first AVS-as-a-Service platform called “Wizard”- which templatizes AVS tools for convenience, hyper-accelerating their adoption and fast-tracking scalability for Web3. Follow AltLayer's Twitter: https://twitter.com/alt_layer and Join the Discord: https://discord.gg/altlayer 𝗣𝗼𝗹𝘆𝗺𝗲𝗿 is the first real-time interoperability solution that combines message passing and state streaming into an infinitely scalable network layer for the upcoming appchain meta. It can scale alongside L2 block times and leverage the security guarantees of connected rollups while offering re-org protection. Check it out here: https://www.polymerlabs.org/ 00:45 Introduction 03:36 Branding Lessons from Apple 06:36 Consumer-Centric Chains 09:36 The Role of Fun in Crypto Adoption 12:45 Building a Better UX 15:49 The Importance of User Retention 18:47 Luca’s Vision For Crypto’s Consumer Era 21:46 Road To Mainnet Abstract Website: https://abs.xyz/ Abstract Socials: https://x.com/AbstractChain Luca Netz Socials: https://x.com/LucaNetz 𝗪𝗲 𝘁𝗿𝘆 𝗼𝘂𝗿 𝗯𝗲𝘀𝘁 𝘁𝗼 𝗽𝗿𝗼𝗱𝘂𝗰𝗲 𝗵𝗶𝗴𝗵-𝗾𝘂𝗮𝗹𝗶𝘁𝘆, 𝗻𝗼𝗻-𝗯𝗶𝗮𝘀𝗲𝗱, 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗻𝘁𝗲𝗻𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗰𝗿𝘆𝗽𝘁𝗼 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺. 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝘂𝘀 𝘄𝗵𝗶𝗹𝗲 𝗹𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗰𝗼𝗻𝗰𝗲𝗽𝘁𝘀 𝗯𝘆 𝗰𝗹𝗶𝗰𝗸𝗶𝗻𝗴 𝗮𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗶𝗻𝗸𝘀 𝗯𝗲𝗹𝗼𝘄 𝗳𝗼𝗿 𝗳𝗿𝗲𝗲 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀: Website: https://therollup.co/ Spotify: https://open.spotify.com/show/1P6ZeYd.. Podcast: https://therollup.co/category/podcast Follow us on X: https://www.x.com/therollupco Follow Rob on X: https://www.x.com/robbie_rollup Follow Andy on X: https://www.x.com/ayyyeandy Join our TG group: https://t.me/+8ARkR_YZixE5YjBh The Rollup Disclosures: https://therollup.co/the-rollup-discl . . . 𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘋𝘦𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘤𝘰𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘩𝘦𝘳𝘦𝘯𝘵 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘳𝘪𝘴𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘦𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦. 𝘈𝘵 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘸𝘦 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘳 𝘧𝘦𝘦 𝘢𝘴 𝘢 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱, 𝘪𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘤𝘢𝘴𝘦 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘢𝘭𝘸𝘢𝘺𝘴 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘪𝘵 𝘪𝘴 𝘤𝘭𝘦𝘢𝘳. 𝘞𝘦 𝘢𝘳𝘦 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘢𝘯 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮, 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘸𝘦 𝘰𝘧𝘧𝘦𝘳 𝘪𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘦 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴 𝘰𝘳 𝘭𝘪𝘤𝘦𝘯𝘴𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳𝘴. #EigenLayer #AbstractChain #zkSync

artwork for The Hydra Ventures Podcast
Audio
1:00:46

Ep.1 - WTF is Hydra?

Summary Welcome to the inaugural episode of the Hydra Podcast Series. Hydra Ventures DAO was summoned to invest in and incubate the next generation of community-first investment DAOs and to proliferate a landscape of organisational innovations in investing. We’re a DAO fund of funds composed of DAO operators, professional service providers, founders, and Web3 VCs with a mission to establish new market-standard practices for how investment DAOs are designed and operated. Join us to learn more about DAOs, investing and the new opportunities that the power of human coordination could unlock. In this episode of the Hydra Ventures Podcast, the hosts delve into the world of community-driven investment DAOs (Decentralised Autonomous Organisations), focusing on Hydra Ventures. The podcast explores its mission, challenges, strategies, and vision in the decentralised investment landscape. The episode begins with an explanation of Hydra Ventures as a "DAO of DAOs" that invests in various investment DAOs. The guests, founders, and key members of Hydra Ventures, discuss its formation and objectives. They highlight the organisation's core mission to iterate on the investment DAO model and create a dedicated capital pool for such ventures. The importance of community in DAOs is emphasised, noting that intrinsic motivation and collective learning drive member participation. The conversation shifts to discussing Hydra's diverse membership and their areas of expertise. The challenges faced by DAOs, such as governance and member engagement, are also addressed, highlighting the strategies Hydra employs to overcome these hurdles. One segment focuses on the relationship between Hydra Ventures and a Web3 Professional Services Agency. It's explained how they provide operational, strategic, and coordination support, essential for the DAO's efficiency and success. The podcast also covers the operational challenges in DAOs, specifically the importance of maintaining context and alignment among members. Hydra's governance approach, including incentive systems to encourage participation and avoid common DAO problems, is discussed in detail. An exploration of Hydra's incubation process for new DAOs is provided. The criteria for selecting communities for DAO formation and the support provided in legal, operational, and cultural aspects are outlined, emphasising the importance of a strong foundational structure for success. In a rapid-fire session, each guest shares their personal experiences in the crypto world, the projects that captivated them, and their perspectives on controversial topics within the crypto community. The episode concludes with a discussion on how to engage with Hydra Ventures and each guest's vision for its success. They express hope that Hydra will validate the community-driven investment model, expand DAO accessibility, and foster an ecosystem where DAOs are seen as a competitive option for collaborative investment and innovation. Show Notes 0:02 - Introduction to Hydra Ventures, a fund that specialises in investing in other investment funds. 1:49 - Overview of Hydra, a new investment platform emphasising a diverse membership of founders, VCs, and experts in Web3 with a unique governance system. 7:17 - Insight into Hydra's organisational structure and decision-making process, highlighting its decentralised nature and collaboration with Thing3. 10:11 - Discussion on Hydra's approach to professional services in Web3, focusing on governance, legal, and accounting support, and the integration of professional services with Web3 innovation. 16:34 - Examination of Web3's distributed organisations and value systems, including the transformation of traditional employment models and the introduction of a distributed professional platform in Web3. 20:31 - Exploration of leadership dynamics in decentralised investment groups, emphasising the necessity of leadership and coordination despite the absence of traditional hierarchical structures. 25:40 - Challenges faced by decentralised organisations in context dissemination, resource allocation, and the problem of free riding in DAOs. 29:15 - Description of Hydra’s incentive system, designed to reward members based on their contributions, with quarterly initiatives and audits to track engagement. 34:01 - Emphasis on the importance of community-driven organisations in investment, with insights into Hydras' unique incubation process and the simplification of investment DAO creation. 37:49 - Discussion on investment strategies in decentralised communities, focusing on community alignment, cost reduction, and leveraging natural patterns of community formation for collective investment. 44:47 - Scaling investment houses with a community focus, highlighting the role of Delaware LLCs, the importance of a flat hierarchy, and community engagement. 48:22 - Perspectives on the potential of investment DAOs, including capital deployment, community bonding, and the vision for Hydra as a pioneering platform in community-driven investing. 55:22 - Member’s reflections on the human aspect of crypto investment.

S3 E2 | Non-Financial Use Cases for Tokens w/David Phelps

Collectors of this episode will be able to nominate guests for Season 7 of the podcast starting in January 2024. On this Episode of Rehash, we sat down with David Phelps. On top of being the founder of JokeDAO and an investor at Cowfund, David is also a writer, thinker, and talented shitposter. Contrary to what his boyish looks might suggest, David is a boomer who spent his prior life in the web2 and education spaces. After starting a tutoring agency that gave tutors a much larger slice of the revenue pie, David found his way into the web3 DAO space. Today, he continues to focus on projects that give creators and users the ownership and compensation that they deserve. JokeDAO is an on-chain governance platform used by web3 projects (including Rehash!) to create and run contests in a fair, decentralized manner. In the short time since it popped up, JokeDAO has been used by other creators like Packy McCormick and organizations like Tally and Jukebox to give their communities a stronger voice in what they’re making. As someone who spends much of his time thinking about and working on governance, David brings us on a deep dive into its nuances. We discuss the role of tokens in voting and online communities, why governance should be chaotic, and some of the unique challenges JokeDAO has faced. David also tells us about the intricate ways that JokeDAO could be used to create more community-aligned proposals and decisions. Aside from governance, David explains the potential of blockchains and projects like Cosmos and Celestia, gives his bullish argument for web3, and breaks down what he looks for when investing in the space. For good measure, we also make plenty of cow jokes, we take a look at the line between governance and moderation, David shills Cosmos, and he explains why beavers (real ones, not from cartoons) should be the official symbol of JokeDAO.

S3 E2 | Non-Financial Use Cases for Tokens w/David Phelps

Collectors of this episode will be able to nominate guests for Season 7 of the podcast starting in January 2024. On this Episode of Rehash, we sat down with David Phelps. On top of being the founder of JokeDAO and an investor at Cowfund, David is also a writer, thinker, and talented shitposter. Contrary to what his boyish looks might suggest, David is a boomer who spent his prior life in the web2 and education spaces. After starting a tutoring agency that gave tutors a much larger slice of the revenue pie, David found his way into the web3 DAO space. Today, he continues to focus on projects that give creators and users the ownership and compensation that they deserve. JokeDAO is an on-chain governance platform used by web3 projects (including Rehash!) to create and run contests in a fair, decentralized manner. In the short time since it popped up, JokeDAO has been used by other creators like Packy McCormick and organizations like Tally and Jukebox to give their communities a stronger voice in what they’re making. As someone who spends much of his time thinking about and working on governance, David brings us on a deep dive into its nuances. We discuss the role of tokens in voting and online communities, why governance should be chaotic, and some of the unique challenges JokeDAO has faced. David also tells us about the intricate ways that JokeDAO could be used to create more community-aligned proposals and decisions. Aside from governance, David explains the potential of blockchains and projects like Cosmos and Celestia, gives his bullish argument for web3, and breaks down what he looks for when investing in the space. For good measure, we also make plenty of cow jokes, we take a look at the line between governance and moderation, David shills Cosmos, and he explains why beavers (real ones, not from cartoons) should be the official symbol of JokeDAO.